Duckhorn Portfolio reports Q1 EPS 15c, consensus 16c

Reports Q1 revenue $102.5M, consensus $103.1M. Deirdre Mahlan, Interim President and CEO, commented, “We delivered a quarter at the high end of our expectations as we lapped an unseasonably strong first quarter in the prior year. In addition, we generated 90 bps of adjusted EBITDA margin expansion on less discounting and a focus on cost management. We saw growth across multiple brands, as our carefully curated portfolio of luxury wines continues to outperform a mixed industry climate. As we announced last month, we are excited about our pending acquisition of Sonoma-Cutrer Vineyards, which we believe will add depth to our brand architecture with one of the most recognized and celebrated luxury Chardonnay brands on the market.”